It's a day that some Arsenal fans have been dreading, or some have been looking forward to, depending which side of the 'Wenger Out' debate you're on.
Arsene Wenger's reign as Arsenal manager is set to come to an end in the summer after he announced that he will be departing the club.
Wenger is leaving the Gunners after a near 22-year spell, during which time he won 10 major trophies, including three Premier League titles, one of which was achieved by the 2003-04 'Invincibles', who went through an entire campaign unbeaten.
"After careful consideration and following discussions with the club, I feel it is the right time for me to step down at the end of the season," said Wenger.
“I am grateful for having had the privilege to serve the club for so many memorable years.
“I managed the club with full commitment and integrity. I want to thank the staff, the players, the Directors and the fans who make this club so special. I urge our fans to stand behind the team to finish on a high. To all the Arsenal lovers take care of the values of the club.
"My love and support for ever."
Tom Carnduff looks at where he could head next, along with odds from Sky Bet, and assesses the chances.
No club by 1st August 2019
It comes as little surprise to see that no club by August 2019 is priced as the favourite in this market.
Wenger has had an incredible spell of 22 years at Arsenal, which will have come with little rest given the stature of the club.
For many managers, they may have a career span which matches that of Wenger, but the switching between clubs allows time to rest. This hasn't been the case for the Arsenal man.
This could be the perfect time for Wenger to take a spell away from football management and potentially sit back and enjoy the game to which he has brought so much progress.
Paris Saint-Germain
Whilst it was reported that Thomas Tuchel is set to replace Unai Emery at the end of the season, Wenger's sudden availability could throw a bit of a curveball to those plans.
Despite leading them to the Ligue 1 title with a 7-1 hammering of Monaco last time out, it's widely reported that Emery will move on in the summer after Champions League failure.
This could potentially open the door for a return to France for Wenger, and an immediate return to football.
The finances available will be seemingly endless and the talent within the Paris squad is significantly greater than that he has currently at Arsenal.
PSG would be an incredibly lucrative option for the Frenchman, if they were the club to pursue a move.
Club President Nasser al-Khelaifi refused to confirm that Emery will be departing, but Wenger could be an attractive possibility.
France
This one probably makes the most sense to me given the circumstances and if Wenger wants to continue in management.
The timing of his departure couldn't have come any better if he is to venture off into international football.
France head to the World Cup in Russia with some hopes of success and failure to do so could leave a potential vacancy.
Combine that with the fact that they failed to secure the Euros title on their own turf and it's easy to see why Didier Deschamps may be unemployed come July.
That would give Wenger the summer off before taking over the reigns in France.
It wouldn't be the worst appointment in the world if they decided to go down that route.
Any Chinese Super League club
Ah yes, the riches of the Chinese Super League could create an incredibly good pension in a couple of years' time.
The Premier League has seen numerous players and managers opt for a move to play abroad, in no way linked to the massive amounts of money on offer by most clubs.
The appointment of someone like Wenger will undoubtedly help boost the profile of the league after it has gone quiet in recent months.
Although, apart from the money, the quality of football isn't the best and it doesn't seem like the most attractive option on the table for a man who led a team to an unbeaten Premier League campaign.
Any MLS club
See above, but swap 'China' for 'North America'.
The MLS though has been able to attract the bigger names in world football, with Zlatan Ibrahimovic's move to LA Galaxy the most recent eyecatching switch.
It wouldn't be a bad move for Wenger, with the quality seemingly better than that of the Chinese league.
He'd probably get a fair bit of money from the move too, which is always a help when faced with choices.
Monaco
It could be a glorious homecoming to Monaco for Wenger, after a fair bit of time away.
He won Ligue 1 in 1988 and the Coupe de France in 1991 during his first spell at the club, before departing for Nagoya Grampus and then Arsenal.
Monaco have endured a miserable season in France this season, and the 7-1 defeat to PSG to lose the title just sums it up.
They are probably going to finish second, but 17 points off the top with no silverware to show for it wouldn't sit well with the hierarchy.
Current Monaco boss Leonardo Jardim has previously stated that he wants to replace Wenger at Arsenal.
Real Madrid
Real Madrid find themselves as the final team to make up the market.
There's plenty of speculation surrounding Zinedine Zidane's future after their poor spell in La Liga this season.
Although, they are in the semi-final of the Champions League and victory in that might be enough to save his job.
It'd be a surprise if Madrid turned to Wenger, given their high managerial turnover in recent years.
Plus, he also failed to win the Champions League in his time at Arsenal, that will hardly sit well in a potential application.
It'll make more sense for him to head to France, but Madrid could be a potential high-profile vacancy in the future.
Odds correct at 1310 BST (20/04/18)